Summary - 25 Stephenson House, Stephenson Street NE30 1QA
2 bed 1 bath Apartment
Immediate rental income in a well-connected North Shields location for hands-on investors.
- Two-bedroom leasehold apartment, approximately 904 sq ft
- Let at £600 pcm — income from day one
- Sold with tenant in situ; no internal access available
- Allocated off-street parking space included
- Electric storage heaters; main fuel electricity only
- Auction sale on behalf of the Receivers; sold as seen
- Area has very high crime and very high deprivation
- £3,600 administration fee payable on exchange
Offered for sale by auction on behalf of the Receivers, this two-bedroom leasehold apartment in Stephenson House presents a ready-made buy-to-let with immediate rental income. The property is currently let at £600 pcm and is sold with the tenant in situ; the tenant has declined internal viewings so the sale is on an as-seen basis. Buyers must rely on their own enquiries and the legal pack.
The apartment occupies a large 904 sq ft footprint within a purpose-built mid-20th century block close to North Shields town centre, public transport and local amenities. It benefits from an allocated off-street parking space, an EPC rating of C and electric storage heating. Broadband is average and mobile signal is excellent.
Important considerations for investors: the area shows high crime levels and very high deprivation, and the sale includes a £3,600 administration fee payable on exchange. The property is leasehold, will be sold at auction, and no internal access is available before purchase. There is potential to add value subject to gaining access and any required consents, but any refurbishment or reconfiguration will be at the buyer’s cost.
This lot suits a purchaser seeking immediate cashflow and a straightforward landlord income stream, aware of the risks tied to the location, tenancy and limited pre-sale inspection opportunities.
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